Manager, Inventory Planning - Sephora

LVMH Perfumes & Cosmetics•New York, NY

5d•$90,000 - $120,000•Onsite

About The Position

Fresh is seeking a highly driven, analytical, and entrepreneurial supply planner to join our Business Planning team as Manager, Inventory Planning. Reporting into the Director of Key Accounts, the Manager, Inventory Planning will help drive continued growth by ensuring that our wholesale accounts have the right products, delivered at the right time, in the right quantities. The candidate will monitor, analyze, and present weekly sales data; monitor and analyze inventory levels including on-hand, in-transit, and on-order; and maintain, update, and improve inventory and demand forecasting models. The candidate will also own the entire product life cycle from end to end and develop strong, productive relationships with the planning teams at our Wholesale retail partners and gather their input to strengthen our planning processes and output. You will work cross-functionally with Key Accounts, Field Team, Marketing, Global Operations, Shared Services and Supply Chain to implement our inventory strategy.

Requirements

Bachelor’s Degree required in a related field such as Business Administration or Finance
5+ years of experience in Merchandise Planning, Buying, Retail Planning, Inventory Management and/or Allocation
Strong business acumen and financial aptitude who is commercially astute and profit-driven
Strong reporting and analytical skills with understanding of Retail Math.
Expert in Microsoft Excel (with proficiency in lookups, pivot tables, links), and knowledge of data warehouse orchestration and demonstrated experience with retail analytics data models
Excited to learn new skills. Passionate about analyzing data and building tools to solve business problems.
Strong attention to detail, results focused
Excellent communication and interpersonal skills
Multifunctional with strong organizational skills and attention to detail
Effective time management skills required.
Natural curiosity to explore and find opportunities or solutions
Ability to work independently and be flexible to changing priorities in a fast-paced environment
Strong sense of ownership and determination to get things done.

Nice To Haves

Experience with weekly/monthly SKU-level assortment planning is highly recommended.
Is Consumer Obsessed – identifies emerging niches concepts and strategic opportunities for the company
The ideal candidate will align with the brand by bringing creative thinking and innovation to help drive profitable business decisions.

Responsibilities

Responsible for effectively ensuring the right levels of inventory at Wholesale accounts to achieve sales targets while maintaining inventory goals for Sephora (US, Canada, Mexico) and Kohl’s
Monitor and achieve targeted In Stock/Presence rates at wholesale accounts.
Monitor and manage optimal inventory for each Channel(Brick and Mortar vs. Ecommerce)
Effectively manage inventory levels by reviewing Inventory Turn, In Stocks, WOS, Sell Thru and sales trend and develop tactics to mitigate forecast fluctuations.
Develop strong, productive relationships with our Wholesale Partners’ planning teams to gain insights and input to strengthen our planning processes, output, and overall retailer fill rate.
Develop SKU Productivity analysis to maximize business and make recommendations to maximize trending categories while minimizing unproductive SKUs through RTVs.
Manage RTV projection file, manage timely communication and execution of RTVs on discontinued SKUs with internal partners and with retail partners. Proactively turning off replenishment on high WOS SKUs to minimize EOL liability. Track dollars to budget.
Develop Sales and Stock analysis to maximize business and make weekly recommendations to drive retail and gross sales. Identify geo-targeted opportunities.
Communicate to NA retailers on new launch and limited life allocations, inventory related planning and strategy.
Implement defined strategies, methodologies and best practices that ensure excellence in supply planning, inclusive of segmentation, safety stock, inventory analysis, predictive analytics, and scenario planning.
Forecast sales and shipments for innovation and launches (pipe)
Provide input into the Monthly Forecast Review (MFR) with Global Forecasting
Partner closely with Key Accounts and Marketing to develop bottom-up shipment assumptions for promotions, secondary exposure and media.
Maintain NA Order Book Roll Up daily/weekly to ensure monthly shipment forecasts are achieved. Understand and communicate variances and partner with Key Account team to develop solutions to maximize opportunities and minimize risks
Monitor gross sales and ensure monthly forecast accuracy.
Communicate daily with Customer Service / Shared Services on order status and work with the DC Team to ensure orders are shipped timely and to achieve monthly shipment forecast. Generate Invoiced Evolution report beginning Week 2 of fiscal month.
Manage and monitor key performance indicators including fulfilment rates (90% target) and consumer service metrics
Partner with Global Supply to ensure that inventory is available to support orders.
Develop process to ensure shipping chargebacks are minimized and develop steps to course mitigate risk.
Maintain weekly and monthly sales and inventory reports to support analysis, solutions and forecasting
Conduct other ad hoc analyses as needed and build new tools and models.

Benefits

Training & Development and Culture
Fresh and LVMH Sponsored Trainings and Workshops for Personal and Professional Development
Opportunities for networking and building relationships with LVMH Community and Network
Opportunities to join internal communities: DEIB Council, Sustainability Champions, LVMH Employee Resource Groups
Mental Health Support
Free professional consultation, referrals and counseling through the Employee Assistance Program (EAP)
Free 24/7 confidential mental health support
Paid Time Off and Flexibility
Comprehensive paid time off inclusive of Floating Holidays and Summer Fridays
Fertility and Family Planning
Fertility Services, Maternity and Newborn Support, Adoption and Surrogacy Assistance, including cryopreservation when part of fertility treatment
Paid Parental Leave (Inclusive of Maternity, Paternity, Adoption, Surrogacy) at eligibility
Travel & lodging for those who can’t access care
Back-up dependent Care and Tutoring
Fresh and LVMH ‘Perks’ and Discounts
Fresh In-Store Discounts and Gratis
LVMH Group Friends and Family Sales across all divisions within LVMH: Wines and Spirits, Watches and Jewelry, Perfumes and Cosmetics, Fashion and Leather Goods, etc.
Pre-Tax Commuter Benefits through Wage Works
Additional Health Club Discounts, Sporting/Entertainment Ticket Discounts, Insurance Discounts (Pet, renters, home)
Health Care
Medical, dental and vision
Retirement and Additional Benefits
401k with Company Match + Additional Employer Contribution at eligibility